![]() It is considered to be the bare minimum required in Singapore.Since it only protects the external “third-party”, you and your car are not covered, meaning you don’t receive a payout from TPO. It is called a “Third-party only plan” because it literally means that its liability coverage protects the affected “third-parties”, this could include either an injured pedestrian or any sort of damaged property which was caused by your driving, with the right proof. Highest Interest to Earn: 3.This is the most basic car insurance coverage. Maybank Fixed Deposit Rates & Tenure Highlights: One big move created by Maybank for fixed deposit is by opening deposits online which is through their iSAVvy. ![]() Maybank offers a competitive interest rate for a tenor of 24 months or more. Recently with at least S$25,000 fresh funds deposit for a year, you can get 3.90%. Highest Interest to Earn: 3.95% per annum 5. UOB Fixed Deposit Rates & Tenure Highlights: You can also enjoy the privileges of a UOB credit card (which is also one of the best credit cards in Singapore) when you pledge your UOB fixed deposit account. There are no fees required to maintain the account. The lowest minimum deposit you can make is S$5,000. ![]() You may also choose from 15 months tenor. This latest promotion offer is valid until 28 February 2023. UOB offers a fixed deposit promotion rate of 3.95% for a period of 12-month with at least S$20,000 fresh funds. Highest Interest to Earn: 3.5% per 10 months via Online Instruction Form & PayNow (latest promotion) 4. Hong Leong Fixed Deposit Rates & Tenure Highlights: When you have decided to withdraw it within 3-month tenure and haven’t yet reached its maturity, you can still do so without penalty. You can also use their promotional offer where you can earn at least 3.5% per annum for at least $20,000 deposit fresh funds for a year using their Online Instruction Form & PayNow. If you want to open an account of at least S$500 you may opt for Hong Leong. ICBC Fixed Deposit Rates & Tenure Highlights: In addition to shorter tenure, it also offers a promotion where you can earn 3.70% per annum if you will deposit at least S$5,000 for 1 year by using E-banking.īut, what if you are planning to withdraw your deposit before its maturity? You don’t have to worry, with ICBC Fixed Deposit, you don’t have a penalty if you have withdrawn it before maturity. As featured on the table above, even with at least 3 months of tenure for at least S$500, you can earn 3.85%. ICBC Fixed DepositĪre you looking for a shorter tenure at a lower deposit amount? ICBC fixed deposit rate is an ideal option for you. Highest Interest to Earn: 4.1% per annum 2. DBS Fixed Deposit Rates & Tenure Highlights: ![]() It’s among the banks with competitive rates.īy opening at least $1000 and staying it for a period of 12 months, you can earn up to 4.1% – this is the highest rate in the market in terms of the lowest minimum deposit for a tenure of a year.īut remember, if you choose for a shorter tenure which is less than 12 months, you will also earn a lower interest rate.Īlso, another key feature of this DBS fixed deposit, if you are short on money and need to take a loan, you can use this as collateral. If you want to try fixed deposits and only have $1000, DBS FD is best to start with. Please take note that these rates may change at any time. We have chosen best fixed deposit with the highest rates in SGD and for fresh funds only. No need to spend another day to shop around for other sources. We’ve made it an easier and smarter way to find for the best-fixed deposit rate. Also, there are times where banks or financial companies give promotional gifts if certain deposit amount is met.īut, we know that you’ve come to this page since you are looking for the best-fixed deposit rate in Singapore. You have to watch out also for fixed deposit rate promotions, banks or financial companies may offer it based on a certain amount where you can earn higher interest rates. AmountĪside from longer tenure, the higher amount you deposit the higher interest you can earn. Also, you can take advantage of fixed deposit rates promotion where they offer a much higher interest rate for certain tenure. Banks or financial companies will reward those depositors who can commit for a longer time frame. When your goal is to earn more interest, you must consider staying your money for a longer period of time which is over 12 months where you can earn over 1% per annum.
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